McDonald's downgraded after CEO Easterbrook ouster over concerns about stock disruption

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McDonald's downgraded after CEO Easterbrook ouster over concerns about stock disruption

McDonald’s Corp. was downgraded to neutral from overweight at Piper Jaffray over concerns that the exit of Chief Executive Steve Easterbrook will be unsettling for investors and pressure the stock. Piper Jaffray cut its stock price target to $195 from $224.
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Surveillance: McDonald's In A Good Place: Senatore (Podcast)

Mike Darda, MKM Partners Chief Economist & Macro Strategist, thinks the U.S. economic outlook has reached a “soft landing” point, as the consumer
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Western Angst Drags Canadian Consumer Confidence Lower

The Bloomberg Nanos Canadian Confidence Index — a composite gauge based on weekly telephone polling — ended October at 56.7, down from
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Justin Fox on Restaurant Employment (Podcast)

Bloomberg Opinion columnist Justin Fox says that restaurants and bars are still adding jobs at a rapid pace in the U.S., and will probably soon surpass
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Microsoft four-day work week 'boosts productivity'

Microsoft Japan said sales had been boosted by nearly 40% during an experiment in which staff worked a four-day week on full pay. Offices were closed on every Friday of August 2019 and full-time staff were given “special leave”, which was paid. Meetings …
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